1,571 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Breed s Hill Capital LLC

Breed s Hill Capital LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,571 shares of the home improvement retailer's stock, valued at approximately $611,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vise Technologies Inc. raised its holdings in Home Depot by 31.0% in the fourth quarter. Vise Technologies Inc. now owns 15,827 shares of the home improvement retailer's stock valued at $6,156,000 after acquiring an additional 3,745 shares in the last quarter. Retirement Planning Group LLC raised its holdings in Home Depot by 7.1% in the fourth quarter. Retirement Planning Group LLC now owns 4,690 shares of the home improvement retailer's stock valued at $1,824,000 after acquiring an additional 312 shares in the last quarter. Blue Fin Capital Inc. raised its holdings in Home Depot by 8.6% in the fourth quarter. Blue Fin Capital Inc. now owns 10,042 shares of the home improvement retailer's stock valued at $3,906,000 after acquiring an additional 796 shares in the last quarter. Headinvest LLC raised its holdings in Home Depot by 11.6% in the fourth quarter. Headinvest LLC now owns 3,955 shares of the home improvement retailer's stock valued at $1,538,000 after acquiring an additional 410 shares in the last quarter. Finally, City National Bank of Florida MSD acquired a new stake in shares of Home Depot during the fourth quarter worth $397,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of NYSE:HD traded down $1.18 during trading hours on Wednesday, hitting $369.22. 791,729 shares of the company's stock traded hands, compared to its average volume of 3,423,586. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company's fifty day simple moving average is $360.38 and its two-hundred day simple moving average is $386.69. The company has a market cap of $367.02 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same period in the prior year, the company posted $3.63 earnings per share. Home Depot's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot's dividend payout ratio is currently 62.42%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HD shares. Truist Financial increased their target price on shares of Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Stifel Nicolaus raised shares of Home Depot from a "hold" rating to a "buy" rating and increased their target price for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. Gordon Haskett increased their target price on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. KGI Securities raised shares of Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Finally, Sanford C. Bernstein reissued a "market perform" rating and set a $398.00 target price (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $426.77.

Insider Buying and Selling

In related news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the sale, the executive vice president now directly owns 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.